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demand curve |
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demand curve
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This statement clearly suggests Russia cannot keep up with either of the two demand curves, let alone with both, from Russia's internal production alone. Economists have complicated computer models to help explain why this is happening, complete with supply and demand curves, but the real answer is much more simple: We're a country just chock full of chuckleheads. Inelastic supply and demand curves mean that commodities will always be susceptible to wide swings in prices. |
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